Accumulative Swing Index - ASI

AAA

DEFINITION of 'Accumulative Swing Index - ASI'

A indicator used by traders to gauge a security's long-term trend by comparing bars which contain its opening, closing, high and low prices throughout a specific period of time. When the ASI is positive, it suggests that the long-term trend will be higher, and when the ASI is negative, it suggests that the long-term trend will be lower.

The ASI is often cited as being developed by Welles Wilder.

INVESTOPEDIA EXPLAINS 'Accumulative Swing Index - ASI'

While the ASI is most often used for futures trading, it can be used for analyzing the price trends of other assets as well. The ASI may be used in conjunction with price charts in order to confirm trendline breakouts, because the same trendline would be penetrated in both situations.

RELATED TERMS
  1. Trendline

    A line that is drawn over pivot highs or under pivot lows to ...
  2. Technical Indicator

    Any class of metrics whose value is derived from generic price ...
  3. Chartist

    An individual who uses charts or graphs of a security's historical ...
  4. Indicator

    Statistics used to measure current conditions as well as to forecast ...
  5. Moving Average Convergence Divergence ...

    A trend-following momentum indicator that shows the relationship ...
  6. Technical Analysis

    A method of evaluating securities by analyzing statistics generated ...
Related Articles
  1. Momentum And The Relative Strength Index
    Trading Strategies

    Momentum And The Relative Strength Index

  2. Accumulative Swing Index And The McClellan ...
    Active Trading

    Accumulative Swing Index And The McClellan ...

  3. Basics Of Technical Analysis
    Trading Strategies

    Basics Of Technical Analysis

  4. The ADX Shows Strong Uptrends In These ...
    Chart Advisor

    The ADX Shows Strong Uptrends In These ...

comments powered by Disqus
Hot Definitions
  1. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
  2. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  3. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  4. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  5. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  6. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
Trading Center